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News Explorer — The "Bitcoin Power Law" Model Claims to Accurately Forecast Bitcoin's Long-Term Price Appreciation

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Feb 2, 7:21 pm
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The "Bitcoin Power Law" Model Claims to Accurately Forecast Bitcoin's Long-Term Price Appreciation

A new Bitcoin price model called the "Bitcoin Power Law" claims to accurately forecast Bitcoin's long-term price appreciation. The model uses a log-log scale to map Bitcoin's price and time, resulting in a chart that shows a straight line of Bitcoin's highs and lows. The creator of the model, Giovanni Santostasi, a former physics professor, believes that power laws, which are found in nature and other fields, can also be applied to Bitcoin's price movement.

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